Three Bedroom Gambier Court Unit Sale 264 Mil
A three-bedroom unit at Gambier Court, a prestigious condo located along Kim Yam Road in prime District 9, is set to be put up for auction by Knight Frank Singapore on Dec 12. With a guide price of $2.6 million, this unit presents an excellent opportunity for buyers seeking a luxurious yet affordable residence in the highly sought after River Valley area.
The unit boasts a generous floor area of 1,485 sq ft, translating to a price tag of $1,755 psf. Based on caveats lodged, the current owner had acquired the unit in a resale transaction at $1.8 million ($1,212 psf) in October 2020. This will be the second time the property will be put up for auction, with a previous attempt on Nov 26 at a higher guide price of $2.64 million ($1,778 psf) which received no bids.
Knight Frank’s director of auction and sales, Tricia Tan, explains that the owner has decided to sell the unit in order to move closer to their children’s school. This presents buyers with an opportunity to acquire the property with vacant possession.
The unit, located on the eighth floor, boasts three bedrooms and a study area. While it was originally a four-bedroom apartment, one of the previous owners had converted it into a three-bedroom unit. Tan highlights that the reconfigured space allows for a more spacious layout, making it ideal for both local and expat families with children.
Furthermore, the unit’s balcony faces northeast, offering unobstructed views of the sea and Singapore River. This presents buyers with the opportunity to enjoy the scenic vistas of the city from the comfort of their home.
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Gambier Court, a 99-year leasehold condo at 60 Kim Yam Road, was completed in 1999 and consists of just 21 units. The low-density development comprises 18 apartments spread across a 10-storey block and three strata-landed units housed in conserved shophouses. The apartments feature a mix of two- to four-bedroom units ranging from 936 sq ft to 2,530 sq ft, while the three strata-landed units are two-storey properties with an attic measuring between 2,562 sq ft and 2,885 sq ft.
The condo is conveniently located within walking distance of Fort Canning MRT Station on the Downtown Line and is surrounded by a range of F&B and retail options, including the upcoming lifestyle hub New Bahru at Kim Yam Road (formerly Nan Chiau High School), Robertson Quay, UE Square and Clarke Quay.
The most recent transaction at the condo involved a 1,485 sq ft, four-bedroom unit on the seventh floor, which sold at $2.5 million, or $1,683 psf, in December 2022, according to Realis caveats. The seller had purchased the unit for $1.9 million ($1,279 psf) in August 2016, making a net profit of $600,000.